Singtel Sells 1.2% Direct Stake in India’s Bharti Airtel for $2 Billion

Singtel sells 1.2% direct stake in India’s Bharti Airtel for $2 billion

The telco netted an estimated gain of $1.4 billion from the sale. Read more at straitstimes.com.

Singtel Sells 1.2% Stake In Bharti Airtel For SGD 2 Billion, Retains 28.3% Holding

Singtel on Friday said it has sold about 1.2% of its direct stake in Bharti Airtel for SGD 2 billion (roughly $1.5 billion) in sync with its active capital management approach to optimise its asset portfolio and drive shareholder returns. Following the sale of 1.2% equity, Singtel will hold a 28.3% stake in India's second-largest telecom operator Airtel.The transaction was executed on a private placement basis to international and Indian institu…

Singtel Sells 1.2% Stake in Bharti Airtel for $1.54 Billion, Reaffirms Long-Term Commitment

Singapore Telecommunications Ltd (Singtel) has offloaded a 1.2 per cent direct stake in Bharti Airtel for S$2 billion (approximately $1.54 billion), through its wholly owned unit Pastel. The 71 million shares were sold at ₹1,814 apiece — a 2.85 per cent discount to Airtel’s previous closing price. The deal generated an estimated gain of S$1.4 billion for Singtel and reduced its overall holding in Airtel from 29.5 per cent to 28.3 per cent, with …

Singtel sells 1.2% direct stake in Airtel for around Rs 13,182 crore via pvt placement - GAGA INDIA

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Singtel confirms selling stake in Bharti Airtel worth over ₹13,000 crore

Singtel confirmed on Friday, May 16, that it sold a 1.2% stake in Bharti Airtel via block deals. Top GainersTop LosersMost Active Price ShockersVolume Shockers Company Value Change %Change Peria Karamalai Tea and Produce Company ₹785.60 130.90 19.99 Zee Learn ₹7.87 1.31 19.97 Beardsell ₹32.15 3.76 13.24 Premier Explosives ₹489.80 56.60 13.07 Wanbury ₹313.51 35.95 12.95 In a statement, Singtel said it sold 7.1 crore shares in Bharti Airtel…

Singtel Sells 1.2 Percent Stake in Bharti Airtel for SGD 2 Billion

Singapore Telecommunications (Singtel) has sold approximately 1.2 percent of its direct stake in regional associate Bharti Airtel for SGD 2.0